Italian Restaurant in Delaware with Strong Cash Flow-Well-Established

Description

Family-owned Italian restaurant for sale in Delaware.

The restaurant opened in 2014 and has remained under the same ownership since then.

Annual gross revenue is approximately $800,000, with reported cash flow of about $150,000.

Inventory is estimated at approximately $30,000 and is not included in the asking price.

Restaurant and menu

The menu focuses on Italian cuisine, including handmade pasta and house recipes developed by the owners.

The current owners have completed kitchen upgrades, equipment improvements and interior renovations during their ownership.

• Approximately 4,559 sq. ft.
• 80 seats in the main dining room
• 14 seats at the full-service bar
• Outdoor patio seating
• Private dining room for approximately 12 to 14 guests
• Updated commercial kitchen
• Front and rear entrances
• Customer parking behind the building

The soundproof private room is used for booked groups and special events.

A full equipment list is available after execution of an NDA.

Location

The restaurant is located in a retail center with nearby office and retail tenants and access to Route 202 and I-95.

The seller reports average daily traffic of approximately 9,981 vehicles.

Within five miles, the seller reports a population of approximately 168,353 and more than 69,000 households.

The current owners rent the liquor license used by the restaurant. The seller states that the arrangement may transfer with the business, subject to the license holder, applicable agreements and state or local approval.

Additional financial information, a CIM and the equipment list are available to qualified buyers after execution of an NDA.